Published: 20th Sep 2019

Communities should be able to take control of vacant high street shops, according to a new report from Power to Change. The report, Take Back the High Street: Putting communities in charge of their own town centres, argues that the response to the UK’s retail collapse must include greater community ownership of commercial properties. The charitable trust says how the ‘era of mass retail-dominated high streets is over,’ and calls for a new, more rooted and more sustainable model – one which turns high streets into genuinely civic spaces and gives communities themselves greater ownership and influence over their own town centres. The report argues that greater community ownership of high street properties could lead to many fewer empty shops, compared to ownership by private-sector interests such as real estate companies and overseas investors. Other statistics included in the report were shops owned by overseas investors are more than twice as … (To read the full article, subscribe below)